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Material-Based Hydrogen Energy Storage Market - Top Companies and Manufacturers

  • Report ID: 6631
  • Published Date: Nov 04, 2024
  • Report Format: PDF, PPT

Companies Dominating the Material-Based Hydrogen Energy Storage Landscape

    The material-based hydrogen energy storage market is projected to register a profitable growth curve during the forecast period. Key market players are investing to create favorable material-based hydrogen energy storage solutions that are lightweight and cost-effective for various sectors.

    Here are some key players in the market:

    • Linde
      • Company Overview  
      • Business Strategy 
      • Key Product Offerings  
      • Financial Performance  
      • Key Performance Indicators 
      • Risk Analysis 
      • Recent Development  
      • Regional Presence  
      • SWOT Analysis 
    • Cummins Inc.
    • GKN Hydrogen
    • Air Liquide
    • FuelCell Energy
    • Plug Power Inc.
    • McPhy
    • Uniper
    • Engie
    • ITM Power
    • ARIEMA
Browse Key Market Insights with Data Illustration:

In the News

  • In June 2024, the manufacturer of hydrogen storage systems, GKN Hydrogen, and global automotive supplier ZYNP signed a memorandum of understanding (MoU) to bring GKN Hydrogen’s metal hydride hydrogen storage to the market in China.
  • In August 2023, Uniper Energy Storage announced the launch of a hydrogen storage research project that will investigate the feasibility of pore storage facilities for the storage of hydrogen.

Author Credits:  Dhruv Bhatia


  • Report ID: 6631
  • Published Date: Nov 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global material-based hydrogen energy market registered a valuation of USD 325.2 million in 2024 and is positioned to expand at a CAGR of 12.8% during the forecast period, i.e., 2025-2037.

The global material-based hydrogen energy storage sector registered a profitable valuation of USD 325.2 million in 2024 and is poised to reach USD 1.5 billion in 2037 expanding at a profitable CAGR of 12.8% during the forecast period, i.e., 2025-2037.

The major players in the market are Linde, Cummins Inc., GKN Hydrogen, Air Liquide, FuelCell Energy, Plug Power Inc., McPhy, Uniper, Engie, ITM Power, and ARIEMA.

By application, the industrial segment in the global material-based hydrogen energy storage sector accounted for the largest revenue share of 65.2% by 2037 owing to the large-scale adoption of hydrogen-powered solutions in various industrial sectors to meet decarbonization targets.

Asia Pacific is projected to account for the largest revenue share of 21.3% by the end of 2037 due to investments in national hydrogen projects in various APAC countries and drive to build strong hydrogen supply chains.
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